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Understanding The Sandbox, A Blockchain-Based Gaming And Trading Platform

Understanding The Sandbox, A Blockchain-Based Gaming And Trading Platform

  • The Sandbox is a virtual world platform based on the Ethereum blockchain created by the video game developer Pixowl where users can play, create games and monetize them with NFTs.
portada The Sandbox juego virtual cripto

The Sandbox is a virtual world platform based on the Ethereum blockchain created by the video game developer Pixowl where users can play games, create them and monetize them with NFTs.



What Is The Sandbox?

The Sandbox was released as a video game for iOS and Android in 2012 and has generated 40 million downloads. In 2021, it gained popularity in the world of non-fungible tokens (NFT), meaning users can play to win cryptocurrencies.

In 2018, the developer Animoca bought The Sandbox and created the game with Voxel-style graphics, just like Roblox and Minecraft. The difference is that The Sandbox is built on blockchain, which allows users to create their worlds and make them profitable. It is possible thanks to the decentralized operation of the blockchain, which gives users full authority over the earnings of these worlds since they are not subject to devaluation, confiscation, or any interference by any external power or bureaucrat.

the sandbox virtual game with millions of users

Furthermore, it takes virtual gaming to another level by allowing users to be fully immersed in the 3D experience and be able to earn cryptocurrencies that they can convert into assets. In March, The Sandbox surpassed 2 million registered users.

What Is a Sandbox Video Game?

The video games called «Sandbox» are immersive virtual worlds where players have ample freedom of maneuver. Its name comes from the English «sandbox,» which metaphorically alludes to the possibility children have when they play by building shapes in the sand. They are very similar to «open world» video games, but the difference is that in these, players have a specific objective, and progress is linear in that search.

On the other hand, the sandboxes do not propose a path for the players, nor is it necessary to follow defined objectives. Some of the most popular sandbox video games this year are:

  • The Sims
  • Minecraft
  • Worldbox
  • Terraría
  • Pocket City
  • The Sandbox Evolution (download)

How does The Sandbox Video Game Work?

The metaverse, like social networks, will be used to meet and interact with people and network. The possibilities within the metaverse will be increasingly immersive for users, and The Sandbox will function as a communication and interaction network.

Users can build whatever they want with LANDs, virtual territories with which games and other NFTs can be created so that within the game, they can make houses, mansions, cities, and more. It is how the virtual territory they buy is valued. To design anything in 3D, you use the Vox Edit tool, and then the product is converted to NFT.

This game has its native token, the ERC-20 type Sandbox coin (SAND), one of the essential tokens and which currently has a value of 1.3 dollars. This currency represents the actions allowed within the game, which contributes to the project’s technological development.

The Sandbox game allows to earn cryptocurrencies

The Sandbox is powered by Ethereum and is tradeable on any exchange. This currency is used for all in-game transactions such as payments, rentals, and accessories. For each transaction, there is a 5% commission; creators keep 95% of their sales revenue. 50% of SAND’s total charges go towards maintaining NFTs, which users at The Sandbox Foundation own.

Sandbox games have a cost; you pay for the game itself or download the application, which is the peculiarity of The Sandbox because it does not work in web browsers.



How to Buy and Store The Sandbox (SAND)?

Exchanges like Binance and Coinbase are a safe and reliable way to acquire The Sandbox. However, operations can only be carried out through exchange with Bitcoin or Ethereum and not traditional money. The same case occurs with Paypal and Bitso.

MetaMask is the cryptocurrency wallet that SAND uses to store and keep the order of digital finances. Although this digital wallet was created for Ethereum, it is also compatible with networks such as the Binance Smart Chain or Polygon, which will allow you to access a wide range of investments.

The Sandbox Draws the Attention of Investors

On November 2, 2021, The Sandbox announced its series B, in which it raised $93 million with SoftBank Vision Fund 2 as its leading investor. Since its $2 million investment round in March 2020, active users have increased, while the platform’s revenue reached $144 million.

The company’s value has not been disclosed, but its native token has a market capitalization of 1.6 billion dollars. Sandbox owns 22% of the total supply of its digital currencies, while the other 78% belongs, for now, to investors.

investors are interested in The Sandbox

Celebrity and Brand Immersion

The platform has leveraged collaborations with celebrities and brands to facilitate its growth, which has had a positive impact on its investors. For example, Snoop Dogg announced in September 2021 the construction of a replica of his mansion within the metaverse. It will have avatars and themes that users can use in their builds. Similarly, they have made agreements with more than 165 brands that join their metaverses, such as The Walking Dead, Smurfs, Care Bears, Atari, and Gucci.

This investment round spearheaded by Softbank Vision Fund 2 will help scale our strategy for growth, operations and player acquisition in our The Sandbox ecosystem, while sending a clear message that the world’s most innovative fund believes in the Web 3.0 and decentralization as the next big trend.

Sebastien Borget, The Sandbox COO & co-founder.

The game will use this new capital to develop a metaverse based on NFTs. They want to offer architecture, fashion, and virtual concerts. There will be shows and art galleries and many kinds of museums. With this, they seek to develop an ecosystem that opens new digital job opportunities for players and creators of the metaverse.

Sandbox Offers Land (LAND)

Now you can buy a piece of land (LAND) in Sandbox. There must first be a public announcement in the official communities. Then, you must create an account in MetaMask, download it, and then log in by entering an email and password.

To continue with the purchase, you need to have SAND tokens inside the wallet connected (MetaMask) to the Sandbox profile, but these can only be acquired by exchanging them for ETH to cover transaction fees.

People interested in purchasing Sandbox land during the public property sale should visit the official The Sandbox website and search for the map. The minimum price per parcel of virtual land is approximately 8 thousand dollars.

In addition to LAND, users can also purchase other NFT assets in the game, such as avatars and items.

Monetize in Sandbox, How Is It Done?

Being a very versatile game, The Sandbox allows you to have several ways to generate money; some of them are:

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  • Creating NFTs. Through the VoxEdit Software, with this program, you can create a variety of elements, from weapons and clothing, and make modifications to virtual pets, vegetation, and even properties within your spaces. Being created in VoxEdit, they are minable and can be converted into NFTs and sold for SAND tokens.
  • Creating games. With the help of the GameMaker program, you can create and test your 3D games using the elements created in Vox Edit. Once finished, it can be marketed.
  • Rent or sale of LAND. You can rent from just plots to constructions. LANDs are offered through public sales advertised in in-game communities.
  • Advertising. It can be created within The Sandbox, from advertising with billboards to selling own-brand NFT items.

The Sandbox & the Future

The market capitalization of the SAND coin grew 30% since the Meta announcement and its market capitalization skyrocketed by 200%. With this, it has managed to position itself against the big technology companies in the metaverse.

The Sandbox marks its difference from centralized platforms like Roblox and Facebook by maintaining a spirit of community ownership, as it was born as a blockchain company. In this way, the game is safe because it works with this decentralized technology and because its community of developers and users ensures that security.

The second Alpha Season of The Sandbox was launched last March. It includes 35 games, three of which are intellectual property experiences, including Foreplay by Snoop Dog, and four come from the Game Maker Fund (GMF). Intentions are that users generate 99.9% of the content on The Sandbox.

The Sandbox video game is positioned in the metaverse

It is a very profitable game since it has different ways of creating virtual assets and using tokens. It also has many partners, such as companies and characters worldwide, which makes it possible for there to be much more interaction and movement on the platform. In addition to entertaining users while playing games, it is possible to create profitable and consumable technology in a completely virtual world based on NFTs. It means the emergence of new decentralized economies that increasingly legitimize cryptocurrencies.

Original version: The Sandbox: El nuevo juego virtual cripto y blockchain

Updated on May 24, 2022, by Sarahy Uribe.

Translated from Spanish on May 30, 2022.


F.A.Q.

What is The Sandbox?

The Sandbox was released as a video game for iOS and Android in 2012 and has generated 40 million downloads. In 2021, it gained popularity in the world of non-fungible tokens (NFT), meaning users can play to win cryptocurrencies.

What is a «sandbox» video game?

They are immersive virtual worlds where players have ample freedom to maneuver. They are very similar to the «open world» video games, but the difference is that players have a specific objective, and progress is linear in that search. On the other hand, Sandboxes do not set a path for the players, nor is it necessary to follow defined objectives.

Are sandbox video games free?

Sandbox games have a cost; you pay for the game itself or download the application. This last one is the peculiarity of The Sandbox because it does not work in web browsers; users have to download the software application.

How to buy and store The Sandbox (SAND)?

Exchanges like Binance and coinbase are a safe and reliable way to acquire The Sandbox. However, operations are only carried out through exchange with Bitcoin or Ethereum and not traditional money. The same case occurs with Paypal and Bitso. MetaMask is the cryptocurrency wallet that SAND uses to store and keep the order of digital finances.

Can you monetize in The Sandbox?

The Sandbox allows you to have several ways to generate money; Some of them are: creating NFTs, creating games, renting or selling LAND, advertising, and even selling NFTs.

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